SELF ASSESSMENT

TAX IS MAKING THE HEADLINES MORE THAN EVER THESE DAYS AND WE’RE CONSTANTLY HEARING ABOUT SOME PAYING TOO LITTLE, WHILE OTHERS PAY TOO MUCH.

The new self-assessment tax return, is an ever changing system that can baffle newcomers and seasoned businessmen alike. When HMRC comes calling to take a look at your books, PMA Accountants can make sure you aren’t getting bullied out of your earnings.

It is important to file your self-assessment on time, as hefty fines have already been handed out to thousands of people across the U.K. due to confusion over dates and amounts. We can make sure you submit your tax return in a timely fashion, accurately and that you aren’t missing out on allowances or deductions.

Employment income, pensions, gains, investments or property, it doesn’t matter where your income is coming from. You earned it, it’s yours, and we can make sure you don’t overpay in tax.

We will evaluate your situation quickly and efficiently, determine what you owe, and deal with HMRC on your behalf if needed to give you peace of mind. We’re happy to explain our process to you carefully, and answer any questions you may have about the self-assessment system.

Don’t dread the month of January any more. Contact us and rest at ease!

HMRC INVESTIGATIONS

Being the subject of a tax investigation by the Inland Revenue can be a stressful and worrying experience. With the onset of personal and corporate self-assessment, Revenue staff can now review cases on a ‘sample basis’; consequently, tax investigations have become more frequent. We have a wealth of experience in dealing with Inland Revenue investigations, whether they are enquiries into an individual’s Tax Return under the Self Assessment regime, more detailed enquiries or employer-related investigations into PAYE and P11d compliance. If you are about to be the subject of an investigation, we can provide expert help and support.

TAX PROTECTION

With the increased risk of such investigations it may be worth considering taking out an annual insurance policy to protect you and your business from unexpected costs; an investigation will undoubtedly result in additional accountancy work being undertaken. The amount of work will depend upon the complexity of the case but the cost could be substantial. Find out more about Fee Protection Insurance.